Search site
Our People
Contact our offices
Make an enquiry
How can we help?
A compulsory liquidation is the result of a winding up petition being issued at court against the business, usually where the business is unable to repay its debt. If the petition is issued your company could be in serious difficulty and you must seek professional advice immediately, speak to a member of our insolvency team on 0203 816 9303.
loading staff
The consequences of a winding up petition being and advertised are your business being unable to trade, as it is common for banks to freeze bank accounts and suppliers to restrict credit terms or demand early repayment of outstanding debts. If the winding up petition is successful an insolvency practitioner is appointed as liquidator and trading should immediately cease. The liquidator assumes full responsibility of the business and any assets which can be sold to raise funds and pay off your creditors.
Our corporate insolvency lawyers are highly skilled in advising businesses experiencing financial pressure and it is never too late to seek help. Our team can identify a range of recovery solutions reducing the risk of insolvency and preventing creditors taking legal action against your business, call us on 0203 816 9303 or complete an online enquiry form and we will contact you directly.
We're Great
It is our business to deliver legal services that work for our clients, and you can trust our specialists to take care of things on your behalf.
The sale of new-build houses as leasehold to be banned - what does this mean for developers?
The Communities Secretary, James Brokenshire MP announced in a speech to the Chartered Institute of Housing conference in Manchester on 27 June 2019 that all new-build houses will be sold as freehold and there will be zero ground rent for new leases of...
Twitter commercial
@CommercialLLP
The national law firm, Stephensons, has been appointed to the North East Purchasing Organisation (NEPO) legal panel for a total of six legal service specialisms. Following the invitation to tender for NEPO’s £60million multiple lot...
Commercial reorder
